Bae Defends Sale of Its Stake in Airbus As It Hails 'Very Good Year'
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Summary
Defence company BAE Systems was defiant over its decision to sell its 20% stake in aircraft builder Airbus in the face of shareholder anger yesterday. The company faced a barrage of questions at its annual general meeting from shareholders concerned about the security of jobs - many of which are based in Broughton, Flintshire - and loss of resources in science, technology and engineering as a result of the sale.
But BAE insisted that it was only ever a shareholder in Airbus and had no physical role in the company.See the full content of this document
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Bae Defends Sale of Its Stake in Airbus As It Hails 'Very Good Year'
Chairman Dick Olver told shareholders, 'We do not...
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